11 octobre 2018
Eric Paget-Blanc et al., « Preferred creditor status : multilateral development banks’ comparative advantage », HAL-SHS : droit et gestion, ID : 10670/1.dsaqo5
Preferred Creditor Status (PCS) is a widely accepted principle under which MDBs are given priority for repayment of debt in the event of a borrower experiencing financial stress. Under a broader approach to PCS, MDBs’ sovereign and non-sovereign loans servicing are protected against restrictions on foreign exchange.